Rockefeller Capital Management L.P. Has $3.30 Million Stock Holdings in Main Street Capital Corporation $MAIN

Rockefeller Capital Management L.P. trimmed its position in Main Street Capital Corporation (NYSE:MAIN) by 26.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,577 shares of the financial services provider’s stock after selling 19,651 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of Main Street Capital worth $3,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAIN. Smartleaf Asset Management LLC increased its holdings in shares of Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 250 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of Main Street Capital in the 4th quarter worth $28,000. Sankala Group LLC acquired a new stake in Main Street Capital in the 4th quarter valued at $29,000. Investors Research Corp acquired a new stake in Main Street Capital in the 4th quarter valued at $30,000. Finally, Gilpin Wealth Management LLC acquired a new stake in Main Street Capital in the 4th quarter valued at $31,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on MAIN shares. Truist Financial dropped their price objective on shares of Main Street Capital from $60.00 to $53.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Weiss Ratings downgraded Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Citizens Jmp dropped their target price on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen cut Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada dropped their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.14.

Main Street Capital Stock Performance

NYSE:MAIN opened at $51.03 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day simple moving average of $52.24 and a two-hundred day simple moving average of $56.60. Main Street Capital Corporation has a 1 year low of $48.95 and a 1 year high of $67.77. The company has a market capitalization of $4.75 billion, a P/E ratio of 10.74 and a beta of 0.72.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. The firm had revenue of $73.44 million for the quarter, compared to analysts’ expectations of $145.23 million. On average, analysts expect that Main Street Capital Corporation will post 3.78 earnings per share for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 6.2%. Main Street Capital’s dividend payout ratio is 65.68%.

Main Street Capital Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.